Jpow indicates more hikes- new home buyers smaash

[BommaliNinnodhala]

1 hour ago, Anta Assamey said:

Mari 10 years anta high lo uncharu emo..

Annay uncharemo but whatiff it goes to 15% and then for it to come down it will take years ani kavi bhaavam

[Variety_Pullayya]

i dont think mortgages will move at same pace as fed rates.

i think they will hover around 7.5

recession vasthe inka low kuda avthayi

[VictoryTDP]

Recession vachina 10 Kampala kone dabbu undi mana youth ki

[hunkyfunky2]

1 hour ago, manchulomajjiga said:

Its not about interest all together! Its about the highly inflated house price ! True interest rate can be changed and refinanced later but if we sign a home at this level of inflated pricing it will be hell lot difficult to break even and sell if we have to move in next 5-7 years 

Thats the keyword. Same situation in 2005. It took some people 10 years to break even. 30 to 40% crash. At that time people who can't afford these homes bought at 3 to 5% down payment and foreclosed. 
Now, people can afford (for now) and can put 20% downpayment. Yes, there is chance of foreclosures but if you can make payments for next 5 years you are good. 

If you really need a home, buy as long as your payment is less than 40% household income, have 1 year of emergency cash and are putting 20% down payment. If you are breaking any of these rules, you are taking a risk. Plan and simple. 

[manchulomajjiga]

5 minutes ago, BommaliNinnodhala said:

Niku happies ee ga — yenjoyyy —  

 

There will be always people who will go beyond their means — which will land them in trouble but there is nothing like perfect timing man — i know few of them personally why are waiting from last 2-3years and who waited and bought at peak — personal choice anthe — dhaankki sankalu guddukoni happy ga feel avvalsina pani ledu just because your statements are not heard —

Abhooo na un heard comments ni nuvvu hear chesi react aayavu ante aaat atagadive https://tenor.com/view/brahmi-gif-lockdown-proud-ready-movie-gif-18823778

 

[BommaliNinnodhala]

5 minutes ago, manchulomajjiga said:

Abhooo na un heard comments ni nuvvu hear chesi react aayavu ante aaat atagadive https://tenor.com/view/brahmi-gif-lockdown-proud-ready-movie-gif-18823778

 

[Pandubabu]

2 hours ago, Anta Assamey said:

Mari 10 years anta high lo uncharu emo..

Kani below 5 chala kastam 

[TriStateBabu]

best time to purchase for limited cash in hand batch was last year till April/May before mortgage rate increase. Now only cash rich batch can afford. 

[iddaritho]

Most of the people are frogs in well , your circle is mostly Indians , economically well settled 

they have cash reserves , mostly Americans average people they are the one who will start the housing price correction. 
 

I guess last time was severe due to bad loans , now it would be affordability , slowly the inflation will eat into savings and people will have difficulty paying 

 

[Pandubabu]

Software engineers layoff aithe ,especially mana Indians, this housing correction will be faster.

 

[Variety_Pullayya]

@csrcsr uncle cheppinattu.

buy home and concentrate on job and improving skills. not on how the market is going to be.